Morgan Stanley Names Coinbase Custody, BNY Mellon as Partners for Spot Bitcoin Trust ETF
Morgan Stanley updated its Form S-1 filing for the Morgan Stanley Bitcoin Trust on March 4, naming Coinbase Custody and BNY Mellon as key custodial partners. Coinbase will manage crypto custody and transfer Bitcoin holdings to offline cold storage, while BNY Mellon will serve as administrator, transfer agent, and cash custodian. The filing states custody insurance will be provided, though certain liabilities will be shared with customers, and the trust is structured to operate like a traditional ETF.